What do you think about couples sharing bank accounts? I know some couples who share and other who keep everything separate. Personally, my husband and I have joint accounts. I can see both sides of the issue, but what do you think?
I'm sure it is different for everyone but "what yours is yours and what mine is mine" works if one partner is not as responsible as the other is. It takes time to know a persons spending habit so time is important. Getting to know someone before marriage and dating before marriage is for this reason; finding out their morals, values and personalities. So if your partner isn't good with money there is nothing wrong with having seperate accounts as long as you both feel this necessary. when the person feels it is more of a non-trust issue than a money issue then you will run into trouble. Part of choosing a good partner for yourself is choose one who shares your values.
Shortly after my now-husband and I met, he put my name on his checking account.
The word is TRUST.
When I moved in with him, I took over the financial aspect as far as billpaying.
If we have a spitspat on that rare occasion, my first thought is not of "oh ok I am going to teach him a lesson by wiping out the account..."
Joint accounts need to be monitored and managed and that will keep ya out of trouble.
I think it's better to have seperate accounts because if u have joint accounts, when u get mad you may spend or take your spouse's money. on the other hand, having joint accounts can help because u see where your money is going and how it's spent.
Both persons must be trust worthy ..So Trust is the main factor here